Tag Archive: tax

Mar 04

Self-employed:Don’t forget tax-filing tips

Calculating income taxes is a royal pain, even when your situation is uncomplicated enough that you can file a 1040EZ Form. And if you’re self-employed, be prepared for extra layers of complexity.Not only must you file an annual return with numerous additional forms and schedules, you’re also responsible for paying quarterly estimated taxes, which can …

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Permanent link to this article: http://www.easttexasreview.com/self-employeddont-forget-tax-filing-tips/

Feb 08

It’s health care, not software

So the Affordable Care Act didn’t exactly deliver the greatest website. What did we get after all those years of haggling? Only health insurance for 9 million people (and counting) who didn’t have it before. Only an end to pre-existing medical conditions keeping you from getting health coverage. Only insurance for young adults under their …

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Permanent link to this article: http://www.easttexasreview.com/its-health-care-not-software/

Feb 05

Lone Star State: Maximize Deductions

   Whether you are an individual taxpayer or a business owner, plan to make the most of your deductions by keeping good records during the year. Since the tax year officially begins in January, there’s no better time to start.    Whether you are an individual taxpayer or a business owner, plan to make the …

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Permanent link to this article: http://www.easttexasreview.com/14234/

Jan 12

Retirement plan limits unchanged

Anyone who’s bought groceries, filled their gas tank or paid insurance premiums recently would probably be surprised to learn that, according to Department of Labor’s Consumer Price Index for Urban Consumers (CPI-U), the rate of inflation is relatively flat – only 1.2 percent from September 2012 to September 2013. That’s bad news for people who …

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Permanent link to this article: http://www.easttexasreview.com/retirement-plan-limits-unchanged/

Jan 04

Lone Star State: Tax season looms

Wise taxpayers may want to take advantage of winter months indoors to prepare for tax filing season this spring. Whether you are a small business owner, a retiree, or a new parent, here are some Social Security tax tips that may help you. Are Social Security benefits taxable? Yes, for some people with higher incomes. …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-tax-season-looms/

Dec 23

Lone Star State: Ring in year with COLA

Many people ring in the new year with Champagne. People who receive Social Security or Supplemental Security Income (SSI) get to ring it in with a COLA. This year, more than 60 million Americans are receiving a 1.5 percent cost of living adjustment (COLA) in their monthly benefit payment. The 1.5 percent COLA begins with …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-ring-in-year-with-cola/

Dec 19

Lone Star State: Who’s Afraid of the Alternative Minimum Tax

Year after year, Congress keeps kicking meaningful income tax reform down the road. Consequently, taxpayers continue to be stuck with an archaic, overly complicated mess that pleases no one – except perhaps some tax accountants who charge by the hour. A prime example is the dreaded alternative minimum tax (AMT). Enacted in 1969 to close …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-whos-afraid-of-the-alternative-minimum-tax/

Nov 23

Understanding the ‘Kiddie Tax’

For something whose nickname sounds so innocent, the “kiddie tax” certainly can wreak havoc on unprepared taxpayers’ yearly returns. Congress first introduced the kiddie tax as part of the Tax Reform Act of 1986 to discourage wealthy parents from sheltering their investment income in accounts under their children’s names, thereby avoiding paying taxes on the …

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Permanent link to this article: http://www.easttexasreview.com/understanding-the-kiddie-tax-2/

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